Korea's Top Officials Assure Stability Amid Political Uncertainty
South Korea's economic and diplomatic leaders held a joint press conference to address concerns and outline strategies for maintaining stability amid ongoing political turmoil. Dep...
Economy News
Business Leaders Urge Supplementary Budget to Revive Domestic Demand and Strengthen Key Industries
Business leaders in South Korea urge a supplementary budget to boost domestic demand and expedite special legislation for semiconductors and AI, amid concerns over economic uncerta...
South Korean Corporate M&A Deals Plummet by 42.5% Amid Global Uncertainty
South Korean corporate M&A investments dropped by 42.5% this year due to global market instability and a sluggish domestic economy. Despite Korean Air's acquisition of Asiana Airli...
Deputy PM Choi Pushes for Revival of Private Investment Amid Economic Challenges
Deputy Prime Minister Choi Sang-mok announced government support for private sector projects worth 9.3 trillion won to ensure investments next year, emphasizing the importance of c...
Mandatory Emission Testing for 5-Year-Old Motorbikes Takes Effect in Vietnam
Vietnam's Ministry of Transport mandates emission testing for motorbikes aged five to 12 years every two years, and annually for those over 12 years, to address pollution concerns.
2023 Corporate Profits Plummet Amid Manufacturing Recession
In 2023, domestic companies' pre-tax net profit dropped by 23.6% due to recession in manufacturing sectors like semiconductors and petrochemicals. Corporate sales also decreased, b...
Corporate Profitability Surges Despite Sales Slowdown, BOK Q3 Report Reveals
The Bank of Korea's Q3 report shows a slowdown in sales growth but a significant improvement in corporate profitability. Manufacturing sectors like machinery and electronics saw a ...
Unlocking New Export Opportunities: KOTRA's Focus on ASEAN and India
KOTRA President Kang Kyung-sung emphasizes ASEAN and India as key markets for Korea's 2025 export strategy, highlighting the region's potential and urging active support for export...
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